Rewalk Robotics CEO Reveals a Path to Profitability Amid Plunging Stock Price [TheStreet.com]
ReWalk Robotics Ltd. - Ordinary Shares (RWLK)
Last rewalk robotics ltd. - ordinary shares earnings: 2/20 07:45 am
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Source: TheStreet.com
Rewalk Robotics shares are trading at roughly $1 a share - a far cry from the $25 threshold reached in September 2014 following its IPO on the Nasdaq. Scott Gamm Aug 21, 2018 4:39 PM EDT Rewalk Robotics ( RWLK ) shares are trading at roughly $1 a share - a far cry from the $25 threshold reached in September 2014 following its IPO on the Nasdaq. While the company, which makes robotic walking systems for people with limited mobility disabilities, is operating at a loss, there is a path toward profitability, according to CEO Larry Jasinski. Disruptive technology can sometimes have disruptive stock patterns, he said. This industry has taken a little longer to develop than a lot of people had expected - primarily due to reimbursements. We had plenty of people who [wanted the product] but in
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